Answer:
Option B
Explanation:
If the demand curve is elastic that means a small change in price will lead to greater change in the quantity demanded
On the other hand if supply curve is very inelastic that means change in price will not have grater impact on the supply.
Therefore, the burden of increase tax will be borne by buyers not on the suppliers because suppliers are less affected in this case.
Payday loans is the method that typically charges the highest interest rate.
Answer:
I'm not 100% but I strongly believe it is A. as after the Civil War post 1860's the Industrial Revolution took over the nation and a majority of laborers/workers were doing Industrial work.
Explanation:
Answer:
The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences
Explanation:
Gold standard is a monetary stem that links the value of paper money to gold.This system were used to balance income differences between countries. Countries with a balance of payments surplus would receive gold inflows, while countries in deficit would experience an outflow of gold
Here, Gold is the standard for International balance of payments differences.
Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus.
The nation with a trade surplus has a swell in the money supply, which leads to price increases. At the same time, the nation with a reduction in the money supply will cause prices to fall.
The lower prices create more demand for product from the nation with a reduction in the money supply, which leads to International Balance of Statement Differences.
